GOVERNMENTAL

Wazni Receives the 2019 Profits from the Regie and a $1M. Donation to Bring Students Home and Providing Ventilators

07 April 2020
Wazni Receives the 2019 Profits from the Regie and a $1M. Donation to Bring Students Home and Providing Ventilators

The Minister of Finance Dr. Ghazi Wazni received Regie delegation headed by Eng. Nassif Seklaoui in order to discuss the incomes of tobacco sector, from 1994 – the year in which the latter took office – until 2019, whereas those profits reached $ 8,361,000,000

 

During the meeting, Minister Wazni complemented the Regie’s efforts, whose profits has significantly increased by 34% compared to 2018 although the country’s current conditions

 

Seklaoui detailed the Regie’s financial results during 2019 and submitted the transfer of net profits that reached L.L. 268 bn. As well, he delivered the Treasury’s 2019 net income (duties, taxes, and profits) amounting to a total of L.L. 541,540,000,000

 

Upon the Minister’s approval, in accordance with the Cabinet’s decision dated 24/03/2020, the Regie’s Board will donate one million USD in order to help in bringing students studying abroad home and providing ventilators to Covid-19 patients.

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